The announcement of large liquidity injections into the banking sector demonstrates how the priorities of the RBI – led by new Governor Sanjay Malhotra – have shifted from containing inflation to...

President Trump’s various tariff threats would, if implemented in full, trigger a rebound in consumer price inflation later this year to between 3% and 4%, which would make it much harder for the Fed...

EM GDP growth picked up in the second half of 2024 but faces headwinds in 2025 from tight policy at home and challenges abroad. Our growth forecasts generally sit below the consensus. Monetary easing...